XOS (NASDAQ:XOS) Stock Price Up 1.8% – What’s Next?

Shares of Xos, Inc. (NASDAQ:XOS) rose 1.8% during trading on Thursday . The stock traded as high as $1.75 and last traded at $1.70. Approximately 14,368 shares traded hands during trading, a decline of 60% from the average daily volume of 36,138 shares. The stock had previously closed at $1.67.

Analysts Set New Price Targets

XOS has been the topic of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of XOS in a research note on Wednesday, January 21st. Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

XOS Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 2.11 and a quick ratio of 1.05. The firm’s 50 day simple moving average is $2.01 and its 200 day simple moving average is $2.27. The stock has a market capitalization of $20.37 million, a PE ratio of -0.60 and a beta of 1.74.

XOS (NASDAQ:XOS) last issued its earnings results on Thursday, March 26th. The company reported ($0.86) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.26). XOS had a negative return on equity of 103.90% and a negative net margin of 55.05%.The firm had revenue of $5.22 million during the quarter, compared to analysts’ expectations of $11.50 million. As a group, equities analysts forecast that Xos, Inc. will post -5.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of XOS in the third quarter worth $27,000. Geode Capital Management LLC increased its stake in shares of XOS by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after buying an additional 16,357 shares during the period. DRW Securities LLC purchased a new position in shares of XOS in the fourth quarter worth $33,000. Finally, Two Sigma Investments LP purchased a new position in shares of XOS in the third quarter worth $331,000. 12.86% of the stock is owned by hedge funds and other institutional investors.

About XOS

Xos, Inc (NASDAQ: XOS) is a U.S.-based manufacturer of commercial electric vehicles, offering Class 5 through Class 8 electric trucks, chassis and proprietary battery systems. The company’s core business spans vehicle design, powertrain integration, battery management and telematics, aimed at supporting last-mile delivery, beverage distribution and vocational fleets. Xos combines modular vehicle architectures with advanced software to deliver route-optimized performance and zero-emission operation for commercial customers.

Founded in 2016 as a spin-off from a specialty vehicle division, Xos designs, engineers and assembles its electric trucks at a manufacturing facility in Morristown, Tennessee, while maintaining research and development operations in California.